EMCB vs VYM
EMCB vs VYM
WisdomTree Emerging Markets Corporate Bond Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | EMCB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.04% | |
| AUM | $99M | $79.0B | |
| Dividend Yield | 5.36% | 2.86% | |
| Holdings | 200 | 568 | |
| YTD Return | +1.54% | +13.82% | |
| 1Y Return | +4.65% | +24.08% | |
| 3Y Return (annualized) | +7.36% | +17.72% | |
| 5Y Return (annualized) | +2.03% | +12.13% | |
| Volatility (annualized) | 7.4% | 14.6% | |
| Max Drawdown | -29.0% | -58.8% | |
| Fund Family | WisdomTree Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 8, 2012 | Nov 10, 2006 |
EMCB vs VYM Performance
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is a ETF from WisdomTree Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year EMCB returned +4.65% while VYM returned +24.08%. Year to date, EMCB is up 1.54% versus a gain of 13.82% for VYM.
Over three years, EMCB compounded at +7.36% per year against +17.72% for VYM; over five years the annualized figures are +2.03% and +12.13% respectively. Across the full 14-year window we track, VYM has the edge at +6.98% annualized vs +0.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.4% for EMCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.0% for EMCB and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMCB charges 0.61% per year while VYM charges 0.04%. On a $10,000 position that is $61 vs $4 annually, a gap of $57 per year that compounds over a long holding period. On income, EMCB currently yields 5.36% against 2.86% for VYM.
Holdings Overlap
EMCB and VYM share 0 holdings out of 673 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMCB or VYM?
EMCB has an expense ratio of 0.61% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, EMCB or VYM?
Over the past year EMCB returned +4.65% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (14 years), EMCB annualized +0.90% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, EMCB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.4% for EMCB. Worst drawdown: EMCB -29.0% vs VYM -58.8%.
Should I hold both EMCB and VYM?
EMCB and VYM have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMCB and VYM?
EMCB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 673 unique securities.
Which pays a higher dividend, EMCB or VYM?
EMCB yields 5.36% while VYM yields 2.86%, so EMCB currently pays the higher dividend yield.
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